Raymond James Financial Inc. purchased a new stake in SandRidge Energy, Inc. (NYSE:SD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 160,205 shares of the oil and natural gas company's stock, valued at approximately $1,876,000. Raymond James Financial Inc. owned 0.43% of SandRidge Energy as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. bought a new position in SandRidge Energy in the 4th quarter worth approximately $132,000. Commonwealth Equity Services LLC bought a new position in SandRidge Energy during the fourth quarter worth $148,000. Diametric Capital LP bought a new position in SandRidge Energy during the fourth quarter worth $185,000. Dynamic Technology Lab Private Ltd raised its stake in SandRidge Energy by 3.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company's stock valued at $286,000 after purchasing an additional 870 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in SandRidge Energy by 10.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company's stock valued at $323,000 after purchasing an additional 2,634 shares during the period. 61.84% of the stock is currently owned by institutional investors and hedge funds.
SandRidge Energy Stock Performance
Shares of NYSE:SD traded up $0.13 on Wednesday, hitting $9.39. 432,251 shares of the company were exchanged, compared to its average volume of 304,308. The company's 50 day moving average price is $10.32 and its two-hundred day moving average price is $11.23. The firm has a market capitalization of $344.50 million, a price-to-earnings ratio of 7.34 and a beta of 0.84. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $14.24.
SandRidge Energy (NYSE:SD - Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.
SandRidge Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Thursday, March 20th. SandRidge Energy's dividend payout ratio is presently 25.88%.
SandRidge Energy Profile
(
Free Report)
SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.
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